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John Law: Proto-Keynesian

  • Audio Mises Daily
November 18, 2010

Tags World HistoryOther Schools of ThoughtPhilosophy and Methodology

Like today's central bankers, John Law proposed to "supply the nation" with a sufficiency of money. The increased money was supposed to vivify trade and increase employment and production — the "employment" motif providing a nice proto-Keynesian touch, writes Murray N. Rothbard (1926–1995).

This audio Mises Daily is narrated by Jeff Riggenbach.

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